Movie rental kiosk service Redbox and Verizon Wireless are set to launch a new streaming video service to rival Netflix this month. The streaming video service will be called “Redbox Instant by Verizon” and will offer monthly subscriptions for six dollars per month. That streaming only price will undercut the price of Netflix by two dollars.

The Redbox streaming service will also have an eight-dollar monthly plan that includes unlimited streaming and four single night DVD rentals per month from Redbox kiosks. The service will go on sale in a limited beta later in the month.

The Redbox physical DVD and streaming plan for eight dollars per month is significantly cheaper than the Netflix plan that allows consumers to rent DVDs and costs $16 per month. Another significant benefit the Redbox service is that users can rent the DVDs immediately at any Redbox kiosk.

Redbox Instant subscribers will be able watch streaming movies from Paramount Pictures, Lions Gate Entertainment, Warner Bros. and MGM. Streaming will be available via smart TVs, smartphones, and tablets.

i dont have netflix because it has barely any new movies that I want to watch. I suspect redbox will be the same. Now, if they stream the same movies that they have in DVD/Bluray in the kiosks, then I'll be signing up.

I use Neflix primarily for old TV shows of which they have an awesome selection. New Release movies i get from iTunes or buy them on blue-ray. We quit the physical disk rental piece from Netflix becasue we never used it.

At home we use both Netflix streaming + DVD. Basically, if it's on streaming we do that, if not we get the DVD. Netflix replaces the cable on-demand services we received with cable before dropping it. Our "regular" TV is all TiVo + OTA antenna.

(We tried Hulu+ but it didn't have many things of interest and wasn't worth it for us.)